Needless to say, property maintenance is key to running a successful investment property. For one, it helps prevent minor issues into morphing into bigger ones. For example, if not repaired on time, a worn washer could turn into a whole tap replacement.
Secondly, maintaining your property can help increase its value. It will not only look attractive to prospective tenants, but it can also help fetch a good profit for you should you decide to sell it somewhere down the road.
And thirdly, maintaining your rental property can help you attract and retain the best tenants. One of the top reasons why tenants don’t renew their lease agreement is the lack of proper property maintenance, warns a local property management company, Cavalier Estates.
And how exactly do you ensure your property is properly maintained? Well, by hiring the right handyman for your rental property maintenance needs. This is especially important if you own or manage several investment properties.
Some of the maintenance tasks that a good handyman can help you with include:
Installing and replacing minor items like smoke detectors and weather stripping.
Repairing or replacing faucets and sinks.
Repairing or replacing kitchen appliances.
Repairing or replacing typical items like outlet covers.
Basic snow removal.
Painting and minor repairs to walls.
Changing furnace filters.
Changing locks during tenant turnovers.
Coordinating with vendors and contractors for specialty services.
With that in mind, now let’s look at 4 tips for finding a handyman for your rental property.
Tip #1: Do your research.
Research is key, whether you are looking for a painter, a plumber, or any other skilled handyman. When carrying out your research, pay attention to various important things. Such things include their license numbers, and reviews and testimonials.
You also want to find out the average price information in your area. According to Improvenet.com, the average cost of hiring a handyman is about $370.
Tip #2: Seek recommendations from family and friends.
This would help eliminate a lot of hassle, as finding someone you can trust is often a monumental task. If you are lucky to get a handyman through a recommendation from people you trust, you can rest assured that they have been proven to provide a great job.
Besides asking friends, neighbors, family, and coworkers, also consider asking other pros you’ve worked with as a landlord.
Tip #3: Conduct an interview to select the most qualified handyman.
One mistake that some landlords make is hiring a handyman over a phone call. Interviewing them in person is the only way to prove that a particular handyman is a perfect fit for the job.
During the interview, come prepared with a set of pre-prepared questions. The following should get you started.
Can you provide some references? Insist on getting references from other landlords that had a similar project to yours. The references can help you learn a thing or two about the handyman service, like their level of punctuality, communication, and even cleanliness.
Are you licensed by [state]? A license is a form of trust symbol that you should look for in a contractor that’ll be entering your rental property. The last thing you want is hiring someone that provides handyman services as a side hassle run by someone out of the back of their pickup truck.
Are you insured? A professional handyman should carry liability and worker’s compensation insurance. This can help cushion you against any potential liabilities that may arise from a team member getting injured while at your home.
How long do you think this project will take? An experienced handyman should be able to tell you how much time a particular project will take. Plus, they should be able to provide a cost estimate of how much the project will cost.
How long have you been providing handyman services? The last thing you want is hiring a quack that will use your home as practice. Experienced handymen will not only save you unnecessary stress but will also save you both time and money.
Asking these questions will help you find a team that you can trust to perform any maintenance task you have at your rental property.
Tip #4: Verify their insurance and license number.
Inasmuch as you want to believe what they are saying is true, it pays to do due diligence on your part and verify the information they have given you. Surprises may come up and, without insurance, you risk being on a hook for a massive bill.
Additionally, you also want to check with your city to see if they are able to verify their license number.
There you have it. 4 useful tips to help you find the right handyman for your rental property. With a little bit of luck, you’ll be able to find someone that is experienced, reliable, hardworking, and trustworthy. And remember, cheap is expensive.